Mastercard Brings USDC Settlement to Africa and the Middle East in a New Circle Deal
- Mastercard and Circle are expanding their partnership to offer USDC and EURC settlement in new regions
- The move allows merchants in Africa and the Middle East to get faster, cheaper payment settlements
- Arab Financial Services (AFS) and Eazy Financial Services are the first to use the new feature
Mastercard is deepening its partnership with Circle to bring stablecoin settlement to acquirers in Eastern Europe, the Middle East, and Africa (EEMEA). For the first time, businesses in these regions can settle transactions using Circle’s USDC and EURC. This move shows Mastercard’s commitment to integrating blockchain assets with traditional finance and giving merchants more efficient settlement options.
How Do Stablecoins Improve Payments?
Using stablecoins for settlement gives acquirers and merchants several key advantages. Besides reducing reliance on old-school banking rails, stablecoins improve liquidity, speed up payment cycles, and lower operational costs.
This move directly solves key challenges around delayed settlements and cross-border payments. The combination of Mastercard’s huge global network and Circle’s trusted digital dollar and euro make…
The post Mastercard Brings USDC Settlement to Africa and the Middle East in a New Circle Deal appeared first on Coin Edition.
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Mastercard Brings USDC Settlement to Africa and the Middle East in a New Circle Deal
- Mastercard and Circle are expanding their partnership to offer USDC and EURC settlement in new regions
- The move allows merchants in Africa and the Middle East to get faster, cheaper payment settlements
- Arab Financial Services (AFS) and Eazy Financial Services are the first to use the new feature
Mastercard is deepening its partnership with Circle to bring stablecoin settlement to acquirers in Eastern Europe, the Middle East, and Africa (EEMEA). For the first time, businesses in these regions can settle transactions using Circle’s USDC and EURC. This move shows Mastercard’s commitment to integrating blockchain assets with traditional finance and giving merchants more efficient settlement options.
How Do Stablecoins Improve Payments?
Using stablecoins for settlement gives acquirers and merchants several key advantages. Besides reducing reliance on old-school banking rails, stablecoins improve liquidity, speed up payment cycles, and lower operational costs.
This move directly solves key challenges around delayed settlements and cross-border payments. The combination of Mastercard’s huge global network and Circle’s trusted digital dollar and euro make…
The post Mastercard Brings USDC Settlement to Africa and the Middle East in a New Circle Deal appeared first on Coin Edition.
Read More
S&P 500 Reaches Record High, Crypto Markets React